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In this case using the category "Other (not classified)" would be a more appropriate entry. FAMLI is not a tax. It's a premium and it is not tax deductible, even if you itemize your deductions.
FAMLI on a Colorado tax return refers to the Family and Medical Leave Insurance program. This program is a state-run paid leave program that started in 2024.
This program is funded by premiums that are deducted from employee paychecks, which are often shown in Box 14 of a Form W-2. These premiums are generally tax-exempt for Colorado state income tax purposes.
Yes, your selection of "Other (not classified)" for your Colorado FAMLI insurance listed on your Form W-2 Box 14, as "CO FAMLI" is the correct selection.
My research on this topic has led me to conclude that it should be categorized as "Other deductible state or local tax" particularly if you ITEMIZE deductions. If you are taking the standard deduction, it won't matter.
In this case using the category "Other (not classified)" would be a more appropriate entry. FAMLI is not a tax. It's a premium and it is not tax deductible, even if you itemize your deductions.
FAMLI on a Colorado tax return refers to the Family and Medical Leave Insurance program. This program is a state-run paid leave program that started in 2024.
This program is funded by premiums that are deducted from employee paychecks, which are often shown in Box 14 of a Form W-2. These premiums are generally tax-exempt for Colorado state income tax purposes.
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